China’s finance ministry asks local governments not to ignore debt risks By Reuters

© Reuters.

BEIJING (Reuters) – China’s local governments cannot ignore debt risks and take on more debt illegally because of the fiscal difficulties caused by the coronavirus pandemic, a meeting chaired by finance minister Liu Kun said on Monday.

Local governments are asked to step up management of their debts, the meeting said, according to a statement on the finance ministry’s website.


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by : Reuters

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